During the period (7 December to 11 January) the total deposit in Jan Dhan accounts have came down by Rs5,582.83 crore. There are about 26.68 crore Jan Dhan accounts. Total deposits in Jan Dhan accounts surged by around Rs28,973 crore in about a month after the announcement of ban on old high denomination notes. Meanwhile, the number of Aadhaar seeded Jan Dhan accounts have increased to 15.36 crore in the week ended 11 January from about 13.68 crore on the demonetisation day. The Pradhan Mantri Jan Dhan Yojana was launched in August 2014 to increase banking penetration and promote financial inclusion in the country.

Source: Mint January 29, 2017 08:21 UTC